Introduction

Warning:

This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

End of attention

The instructions in this part are designed to help companies, trusts and funds (your entity) to calculate a capital gain or capital loss and to complete the capital gains items on the relevant tax return:

• Company tax return 2004 – item 7
• Trust tax return 2004 – item 18, or
• Fund income tax and regulatory return 2004 – item 9a.

Funds include superannuation funds, approved deposit funds and pooled superannuation trusts.

The labels to complete at these items are:

You will also need to complete V Net capital losses carried forward to later income years at the Losses information item on your entity's tax return.

The relevant item number will be:

• Company tax return 2004 – item 10
• Trust tax return 2004 – item 24
• Fund income tax and regulatory return 2004 – item 10.

Unfamiliar terms

There may be terms in part C that are not familiar to you. Refer to chapter 1 in part A for more information or to Explanation of terms.

Entity

The term 'entity' is used to describe a company (including a head company of a consolidated group), a trust and a fund in this part of the guide.